Anchorage vs Richmond
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Richmond is 14% cheaper for renters. A 2-bedroom rents for $1,021/mo vs $1,162/mo in Anchorage — saving $1,692/year.
Rent by Unit Size
| Unit Size | Anchorage | Richmond | Difference |
|---|---|---|---|
| Studio | $795 | $669 | $126 |
| 1 Bedroom | $960 | $842 | $118 |
| 2 Bedrooms | $1,162 | $1,021 | $141 |
| 3 Bedrooms | $1,475 | $1,317 | $158 |
| 4 Bedrooms | $1,674 | $1,453 | $221 |
| Median Income | $75,443 | $69,914 | $5,529 |
Anchorage
- Studio
- $795/mo
- 1 BR
- $960/mo
- 2 BR
- $1,162/mo
- 3 BR
- $1,475/mo
- 4 BR
- $1,674/mo
- Median Income
- $75,443/yr
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Frequently Asked Questions
Is Anchorage or Richmond cheaper to rent in?
Richmond is cheaper — a 2-bedroom Fair Market Rent is $1,021/mo vs $1,162/mo in Anchorage. That's $141/mo or $1,692/year more expensive in Anchorage (14% higher).
What is the 2-bedroom rent in Anchorage vs Richmond?
The HUD Fair Market Rent for a 2-bedroom in Anchorage is $1,162/month. In Richmond, a 2-bedroom FMR is $1,021/month.
How do incomes compare between Anchorage and Richmond?
The median household income in Anchorage is $75,443/year. In Richmond it is $69,914/year. Anchorage has the higher median income.
What is the studio rent in Anchorage vs Richmond?
A studio apartment Fair Market Rent in Anchorage is $795/mo. In Richmond it is $669/mo.